Gambling Industry Billion

 

The Mobile Gaming Industry At A Glance: Top Grossing Games, Demographics, Time Spent On Mobile Games, More

Going by the conservative figures, excluding countries where gambling is not entirely legally yet, it has been estimated that the online gambling market place could very well reach the $94.4 billion figure within the next 5 years, a significant rise from the earlier $45.8 billion estimate projected only 2 years ago.

  • The gambling industry has been having a strong run of late. In 2015 the online gaming market alone was worth $37.91 billion and is forecast to be worth almost $60 billion by 2020. This fast-growing market has more than doubled in size since 2009 – a time when most of the global economy has been stagnating.
  • Online Gambling Market Worth $102.97 Billion by 2025 CAGR: 11.5%: Grand View Research, Inc. PR Newswire SAN FRANCISCO, Aug. 27, 2019 SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ - The global.

Mobile devices are more advanced and accessible than ever before—today, 77% of Americans own a smartphone out of 3 billion smartphone users worldwide.

The rise of mobile technology has formed a perfect foundation for the mobile gaming industry’s success. A person can now fit a video game in their pocket and take it with them anywhere. Specific advancements like unlimited data plans, faster processing speeds, and higher quality graphics have also set the stage for more engaging gameplay than previously possible.

The success of the mobile gaming industry has not only attracted new audiences but also the attention of new game franchises, content creators, gaming influencers, and an influx of ad dollars from brands of all types seeking to reach a global gaming audience. In our mobile gaming industry infographic, we’ll explore the industry from top to bottom: its growth, size, customers, and more.

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Studies have revealed that online gambling will continue to grow tremendously as an industry, and there is nothing stopping this train! Going by the conservative figures, excluding countries where gambling is not entirely legally yet, it has been estimated that the online gambling market place could very well reach the $94.4 billion figure within the next 5 years, a significant rise from the earlier $45.8 billion estimate projected only 2 years ago. The new estimate represents a CAGR (Compound Annual Growth Rate) of close to 10.9%, from 2018 till 2024.

A study by Zion Market Research

This forecast has been submitted by a reputed company known as Zion Market Research, which released a report on the subject, encompassing all the gambling forms including horse racing, sports betting and gambling at popular online casino platforms such as Betway mobile and others. If looked at closely, this report provides a transparent view of the present sports betting and online gambling market across the world. They have taken into account a highly competitive scenario as well as the portfolios of leading businesses operating in the sports betting and online gambling space.

Gambling industry billion stocks

In order to better understand thecompetitive nature of this landscape, Zion Market Research carried out ananalysis of the Porter’s 5 Forces Model with respect to the online sportsbetting and gambling market. This particular study factors in the marketattractiveness analysis, covering regional segments and the game formcomponent, benchmarking them on aspects like general attractiveness, growthrate and overall market size.

Majority of the growth expected in thespace will be because of regional markets throughout Europe, includingcountries like Czech Republic, Malta, France, Poland and many more, as well asseveral countries in the Asia-Pacific region. It has been noted that asignificant increase in the internet access throughout the world is alsofacilitating growth in the online gaming industry. Close to 47% of the entire world populationhad access to the World Wide Web in the year 2016, 2.5% more than the yearbefore that.

Cryptocurrencies and legalization of gambling contributing to the growth

Gambling Industry Billion Money

Gambling

Gambling Industry Revenue

This major boost in online gambling industry is also expected to be driven by adoption of cryptocurrencies across the world. The market research company highlighted and emphasized the fact that the total value of cryptocurrencies was close to $17.7 billion at the start of 2017, and will rise consistently in the future. Resultantly, it’s only natural to expect more cryptocurrency usage in the online gambling space, during this timeframe.

Gambling Industry Statistics

Furthermore, as per this report, Europe constitutes the biggest growth segment for the online gaming industry, thanks to the way in which online gambling is being legalized throughout the continent. Italy, France, Spain and many more countries have either joined or are in the process of joining this space, bringing a big pool of gamblers with them. Latin America and Asia-Pacific are also not far behind. It’s worth noting here that this Zion study has not taken into account the US market and how the country might contribute to the global gambling growth in the future. Although several US states have either legalized or are in the process of legalizing online gambling, there are many issues that still need to be resolved before this industry takes a good hold in that part of the world.

Gambling Industry Billion

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Online Gambling Industry

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